The city council of the Estonian capital, Tallinn, has elected Peeter Raudsepp of the national conservative Fatherland (Isamaa) party as the city’s new mayor, BNS reports. Prior to his election, Raudsepp was director of the Estonian Institute of Economic Research (EKI), ERR reports. He will serve as mayor for two years, after which the mayorship…
Estonian Prime Minister Kristen Michal has submitted his government’s draft state budget for 2025 and budget strategy for 2025-2028 to the country’s parliament, the Riigikogu, ERR reports. According to the Ministry of Finance, budget expenses and investments will increase by 3.8% to EUR 19.1bn and revenues by 5.2% to EUR 17.7bn in 2025, ERR reported….
A team of researchers at Estonia’s University of Tartu (TÜ), Tallinn University of Technology (TalTech), and the Institute of the Estonian Language (EKI) will teach the Estonian language and culture to large language models (LLMs), ERR reports. The project led by TÜ’s Institute of Computer Science will train open-source LLMs to speak Estonian more fluently…
Estonia’s economic climate index stood at -19.4 points in June 2023, which was down by almost 9 points from March 2023, according to the Estonian Institute of Economic Research (EKI), ERR reports. The economic confidence index, which combines both business and consumer sentiment, stood at 78.7 points, which was significantly worse than the long-term average….
Food prices in Estonia continued to rise sharply in June 2023 compared to the year before but remained relatively stable from a month earlier, according to data from the Estonian Institute of Economic Research (EKI), ERR reports. The price increases were particularly notable for meat and dairy products. The price of sugar has risen from…